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You will prepare a business memorandum (1 2 pages) in your own words which includes: a) the benefits of the budgeting process; b) how the
You will prepare a business memorandum (1 2 pages) in your own words which includes: a) the benefits of the budgeting process; b) how the production and direct manufacturing labor budget fits into an overall master budget; c) how your spreadsheet serves as a useful budgeting tool; and d) the concept of kaizen budgeting and how it could be applied to your budget. Your memo should add value to the spreadsheet, not simply repeat what is in the spreadsheet.
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